Tag Archives: Weagle Holdings Limited

Netball, Sports

Katoto Supermarket hikes Mzuzu netball sponsorship to MK5m

Maravi Post Reporter

MZUZU-(MaraviPost)-Katoto Supermarket, a subsidiary of Weagle Holdings Limited has hiked sponsorship for Mzuzu and District Netball League to K5 million from last year’s K2 million.

Apart from the hike in sponsorship package, the league has also extended to teams in Nkhata- Bay and Mzimba districts after involving Mzuzu-based teams only in the first edition.

Speaking on the sidelines of the 2024 edition launch on Saturday, Katoto Supermarket Managing Director, Matthews Mtumbuka said they value the development of sports in the country and that is why their corporate social responsibility opted for netball.

“We want to give back to the residents of Mzuzu. Most of our customers in our supermarkets are women, and we want to thank them in such a way while we promote the game of netball. We want to raise the game of netball in Mzuzu,” said Mtumbuka.

Technical Director for Netball Association of Malawi (NAM), Sam Kanyenda graced the occasion and said the Northern region has produced good players for the country’s national team and therefore needs a strong league to unearth talent just like Katoto Supermarket has done.

“When we have stronger leagues in regions, it makes it easy for us to identify the cream for the national team. We applaud Katoto Supermarket for widening its league base as we have talented youths in our districts but lack platforms,” said Kanyenda.

Mzuzu District Netball Committee’s Vice Secretary, Josephine Mkandawire assured the sponsor that all is in place to commence the league without hurdles.

“We have put measures in place to ensure we run a smooth league considering that we are now extending to other districts. We are banking on last year’s success and are determined to ensure we achieve the objectives of the league,” said Mkandawire.

The league will involve nine netball teams from Mzuzu, Chikangawa, Raiply, Ekwendeni, and Nkhata-Bay, and will be played on a round-robin format.

Business

Matthews Mtumbuka launches Weagle Holdings Limited

Maravi Post Reporter

LILONGWE-(MaraviPost)-After working for 17 years for various companies, renowned engineer Matthews Mtumbuka has taken a growth path by establishing his company called Weagle Holdings Limited.

Mtumbuka launched the company on Wednesday in Lilongwe while stressing that they will focus on energy, management consulting, technology, food and beverage, and running a chain of stores, to create wealth and job opportunities.

Speaking during the launch, Mtumbuka said the five companies under Weagle Holdings Limited have already employed 60 people at his Katoto Supermarket 1 and Katoto 2, Woodland Entertainment in Mzuzu and those working at the company’s offices in Lilongwe.

Unpacking the company’s business lines, Mtumbuka explained about the energy sector where he said the main focus will be renewable energy including solar systems.

“We will start by trading through bidding to supply energy equipment, materials and consumables to major players in the energy sector in Malawi. Energy is a big global challenge. Most countries don’t produce enough energy to meet domestic and industrial needs.”

“The situation is far worse in Africa and most especially in Southern Africa where every country has an acute shortage of electrical power resulting in non-ending load-shedding and power blackouts. In the medium to long term, we will go into energy operations through contracts for energy construction, maintenance and services. Our focus will be renewable energy,” he said.

On Management Consulting, the former Airtel Malawi executive said the company will provide solutions for management problems, especially in the private sector.

“We also provide bespoke training for middle managers, top leaders as well as Board Members for companies in the private and public sectors as well as Non-Governmental Organisations (NGO) world. We have a full spectrum of training courses in the field of Leadership and Management,” explained Mtumbuka.

On technology, Mtumbuka said the company intends to explore technology solutions in the financial sector like Fintech.

“We are partnering with proven brands in this space in Zambia and Uganda. We will also contribute to developing the IT Enabled services (ITES) in Malawi. Noticing the big digital skills gaps in Malawi, especially for the youth hungry to gain the skills to practice in this emerging sector, we plan to offer up to 100 training courses in IT from mid-2024.”

“We are at an advanced stage of entering a Memorandum of Understanding (MOU) for eventual establishment of a franchise in Malawi with a leading IT Training Institute in India,” he said.

Guest of Honour at the event, Wisely Phiri, who is the CEO of Sparc Systems commended Mtumbuka for taking the wealth creation route.

“These are the ventures that we need to support for the country to achieve the Malawi2063 vision,” he said.

Several executives including the Malawi University of Science and Technology (MUST) vice chancellor, Professor Address Malata, attended the launch.